View/download the Tips For Year End Closing in SAP Business One (.pdf document)

Table of Contents

  • Introduction
  • Timing Constraints
  • Preparation
  • Checks
  • Checking the Document Numbering
  • Checking the Completeness of Documents
  • Checking for Negative Inventory
  • Checking for Execution of Payment Runs
  • Checking Statistical and Clearing Accounts
  • Checking for Completeness of Bank Statements
  • Inventory Count
  • Preparing for Inventory Tracking
  • Posting Count Results
  • Working with a Nonperpetual Inventory System
  • Reclassification of Business Partners and Bank Accounts with Negative Balances
  • Performing a Year-End Closing
  • Changing the Period Status to Closing Period
  • Reconciliation
  • Reconciliation of Internal Reconciliation Upgrade Journals
  • Reconciliation of Open Items and Balances for Business Partners
  • Reconciliation of Fixed Asset Accounts
  • Reconciliation of Bank Statements with Bank and Cash Accounts
  • Reconciliation of Allocation and Expense Clearing Accounts
  • Reconciliation of Inventory Accounts
  • Accrual and Valuation
  • Accrual
  • Assets Under Construction
  • Depreciation in the SAP Business One Fixed Assets Add-On
  • Valuation of Foreign Currencies
  • Material Valuation
  • Valuation of Completion of Production Orders and Projects
  • Allowances
  • Provisions
  • Accruals
  • Reporting
  • VAT Report
  • Extended Tax Reporting: Germany and the United Kingdom
  • Withholding Tax Report
  • Tax Declaration Box Report
  • Tax Reconciliation Report
  • EU Sales List
  • Documentation
  • Balance Sheet
  • Profit and Loss Statement
  • Trial Balance
  • Other Reports
  • Journal
  • Account Itemization for Balance Sheet and P&L
  • Account Statement List for Customers and Vendors
  • Open Items List and Aging Reports
  • Account Statements
  • Asset History Sheet
  • Inventory Listing
  • Valuation According to Other Accounting Principles
  • Periods
  • Restarting Document Numbering
  • Creating New Periods
  • Using Period 13
  • Fiscal Year Change in Fixed Assets
  • Period-End Closing
  • Country-Specific Feature: AT, BE, CL, CR, CZ, ES, FR, GT, HU, IT, MX, PT, SK
  • Final Closing of the Period
  • Checklist
  • Copyrights, Trademarks, and Disclaimers

View/download the Tips For Year End Closing in SAP Business One (.pdf document)